Fake Social Media Crypto Experts - Better Off On Your Own
Don't recognise any as these were from 2017 and most likely disappeared with the Bears. Life changing money, wife changing money whatever they call it as it is all to hook you in. If any of these survived I daresay they may have somehting going for them. You have to research who you are following so you may as well spend the time researching and learning crypto.
I think everyone new to crypto gets sucked in by these so called geniuses who seem to know how to print money. They have all the information and know what is best for you blah blah blah. I know as I used to follow quite a few and have kept one or two and unfollowed the rest.
Anyone can do what they are doing as one needs a certain type of personality
coming across as trustworthy and believable. New users especially retail ones are putty in their hands as they want to make instant profits. Tell them what they want to hear and you have an instant audience and following. One group I used to watch said they don't accept sponsors or payoffs yet they have 2 sponsorships already. Funny how the coins they shill are some obscure ones no one has heard of either. Their following of over 200 000 subscribers will soon change that though.
If you are going to learn crypto and want to know trading then don't be suckered in by these fools as you only have yourself to blame. Learn trading and take the time to understand the markets. You don't need them as they are shilling coins they are being paid for. Not all of them, but a large percentage get paid for mentioning certain coins. They don't care about how well you do as long as they have you following them making them extra income.
The one good thing is crypto is still early so no matter what we do we have to make the right decisions on our own. Looking for certain projects that have real use cases and have a chance of succeeding. This takes time and why in my thoughts have concentrated on 5 or so such projects.
I can remember the last time when I first got involved with crypto there were literally hundreds of these so called crypto specialists. As the bear market continued they disappeared when they should be the ones you could count on.
How many bottoms does Bitcoin have as I have seen so many over the last 6 months it is as though they all have a bottom fetish. There are a few who do stand out and those are the ones who will be around when the Bear market hits. When the Bull cycle is happening everyone looks like a genius as everything will go up eventually.
Crypto is a funny investment in many ways as the price can change so fast either way. One day you are sitting with real value and the next week the gains have almost disappeared. Overtime however those gains will increase if the project selected was the right one and has a definite use case that adds value.
In many ways I think this is the one positive of a Bear market as for many fakers it is over until the next time. Expressions such as "Exactly as I predicted" will be long gone and good riddance.
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Punditry is an easy gig. One need simply repeat the buzz words of other pundits in the upcycle. Cover one's ass in the down cycle, periodically rinse and repeat.
When proven a liar, the puppeteers that produce pundits need simply swap out the talking head and created a new channel.
When your Cuomo is no longer effective at selling the party line, simply hire another actor to fill in the spot.
To be truthful, I've learned from pundits.
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I have as well but have seen through so many and still follow one or two as they are decent. This is all part of the learning process and understanding what is going on.
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They talk about crypto for viewers rating. They do not care how well they know about cryptocurrecy. Their goal is views and earning from advertising. I do not see any youtubers anymore because they have no background in cryptocurrency.
If this is the calibre of people you follow a bunch of midwits that happend to luck into crypto, man you are going to have a bad time, one of the easiest ways to lose your money is to listen to people who actively make money from youtube income, shilling their positions theyh can dump on you and refferal fees
Totally agree as they make money out of you instead of the other way around.
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